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2018-10-16 05:25:20

AMZN

Amazon.com

$1,760.99

-27.64 (-1.55%)

05:25

10/16/18

10/16

05:25

10/16/18

05:25

Amazon invests $10M in Closed Loop Fund to increase recycling rates in U.S.

Amazon announced that it will invest $10M in Closed Loop Fund to support recycling infrastructure in the United States. Amazon's investment will increase the availability of curbside recycling for 3M homes in communities across the country, making it easier for customers to recycle and further develop end markets for recycled commodities. The investment will divert 1M tons of recyclable material from landfill into the recycling stream and eliminate the equivalent of 2M metric tons of CO2 by 2028-equivalent to shutting down a coal-fired power plant for six months. Roughly half of Americans today lack access to convenient, sufficient curbside recycling at their homes. Closed Loop Fund finances the building of advanced recycling infrastructure and services, bringing this invaluable service to the community while saving taxpayers and municipalities money.

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AMZNAmazon.com

$1,760.99

-27.64 (-1.55%)

10/12/18

STFL

10/12/18NO CHANGETarget $200STFLBuy

Stifel replaces Alibaba with Amazon on Select List after target drop

Stifel analyst Scott Devitt removed Alibaba (BABA) from his firm's Select List and replaced it with Amazon.com (AMZN). The analyst cites an "increasingly uncertain" China macro environment and near-term optimism for Amazon for the change. He also updated his Alibaba model, which resulted in near-term revenue growth assumptions that are 300 basis points lower versus his prior forecast. However, despite the difficult China market backdrop, Devitt continues to view Alibaba as a core long-term holding. He lowered his price target for the shares to $200 from $220 while keeping a Buy rating on the name.

10/12/18

TIGR

10/12/18NO CHANGETIGR

Amazon pullback a buying opportunity, says Tigress Financial

Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Amazon.com, citing the company's leveraging of its retail, e-commerce, and web hosting platforms to develop new business lines and penetrate new markets. The analyst believes there is significant upside in the stock and views the recent pullback as a buying opportunity.

10/15/18

WEDB

10/15/18NO CHANGETarget $115WEDBNeutral

Lowe's price target raised to $115 from $105 at Wedbush

Wedbush analyst Seth Basham raised his price target for Lowe's (LOW) to $115 from $105 as he expects near-term progress on key initiatives to add confidence to the story, while the roadmap to much higher earnings power should come at the company's December 12 Analyst and Investor Conference. While execution risk should not be minimized in improving large retail organizations, CEO Marvin Ellison's success in turning around retail fundamentals at Home Depot (HD) bolsters the likelihood that he can execute a very similar plan at Lowe's, with material top- and bottom-line growth despite this period of investment and change, along with strong competition from Home Depot and Amazon (AMZN), he contends. Basham reiterates a Neutral rating on Lowe's shares.

Morgan Stanley analyst Brian Nowak said Amazon's wage increases are "not small," estimating that the pay hikes for U.S. and UK employees will increase operating expenses by about $2.75B, or about 2.5%, in FY19. However, he believes the cost will be manageable as he Nowak believes the company's warehouse build over the past 2-3 years had a larger robotics integration, which is driving increased fulfillment efficiency. He keeps an Overweight rating and $2,500 price target on Amazon shares.